facebookWhich Broker is the cheapest to use if I want to Dollar cost Average (SGD1,000 every month into US ETF and hold for at least 5years? Total amount is less than (USD100,000). SAXO vs IB vs TD vs others? - Seedly
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Anonymous

13 May 2020

Which Broker is the cheapest to use if I want to Dollar cost Average (SGD1,000 every month into US ETF and hold for at least 5years? Total amount is less than (USD100,000). SAXO vs IB vs TD vs others?

Which Broker platform to use for long term US ETF trading total amount less than US$100,000?

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    Discussion (6)

    What are your thoughts?

    Hey Anonymous, since you are looking to hold for a long duration of time, it is vital to minimise the costs which could be transaction fees, management fees, amongst others.

    Interactive Brokers could be a good choice, if not for the fall below fee and your restriction of having a total amount of less than US$100k. They charge around USD$1 per trade, and they use spot rates for their FX. Hence both could help you save quite a bit.

    Keeping in mind the fact that you're looking at a total of less than US$100k, perhaps Saxo or TD could be a better choice if you do a simulation of your costs over the 5 years.

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      Colin Lim

      Colin Lim

      25 Apr 2020

      Level 9·Financial Services Consultant at Colin Lim

      Interactive broker to me is good and affordable.​​​

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        Lim Boon Tat

        Lim Boon Tat

        25 Apr 2020

        Level 10·Mathematics at Cambridge University

        TD is definitely cheaper than Saxo....

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